V2X Awarded Significant DTRA Contract
V2X Inc. (NYSE: VVX) has made headlines by being selected for the Defense Threat Reduction Agency's (DTRA) pivotal Cooperative Threat Reduction Integrating Contract IV (CTRIC IV). This remarkable achievement places V2X among only six recipients chosen for this indefinite-deliver, indefinite-quantity contract, which boasts an impressive ceiling value of $3.5 billion to be utilized over a five-year base period, with the potential for five additional option years.
Supporting Global Threat Reduction
Under the CTRIC IV contract, V2X will play a crucial role in executing vital initiatives aimed at mitigating the risks associated with weapons of mass destruction (WMDs) and their related materials. The contract aligns with the Department of Defense’s global Cooperative Threat Reduction program, which focuses on enhancing security against chemical, biological, radiological, and nuclear threats worldwide.
Leadership Comments on Award
Jeremy C. Wensinger, President and Chief Executive Officer of V2X, expressed enthusiasm regarding the contract, stating, "This award underscores our proven ability to support high-consequence missions on a global scale. With our global footprint and strong operational capabilities, we are well-equipped to deliver innovative solutions in support of DTRA's mission, wherever they are needed. We are honored to be selected for the CTRIC follow-on contract, which reflects our track record of success. We look forward to building on this momentum and expanding our impact through this opportunity."
Enhancing National and International Security
This contract not only positions V2X as a key player in critical global threat reduction initiatives but also solidifies its reputation as a trusted partner within both domestic and international defense frameworks. V2X’s profound commitment to enhancing security through innovative solutions is well recognized across various sectors.
Innovative Solutions for Modern Challenges
V2X specializes in creating innovative solutions that effectively merge physical and digital realms, thereby aligning people, actions, and technology. The company is deeply involved in all phases of critical missions’ lifecycles. They focus on enhancing operational readiness, optimizing resource management, and increasing security across multiple domains, delivering results that have a tangible impact.
Global Workforce Supporting Mission Success
Boasting a diverse workforce of approximately 16,000 professionals, V2X stands poised to tackle today's most pressing challenges. By integrating advanced technologies such as artificial intelligence and machine learning into their processes, V2X consistently enhances mission success rates. This aligns with their goal of addressing tough obstacles present in defense, national security, civilian, and international markets.
Contact Information
Investor Contact:
Mike Smith, CFA
Vice President, Treasury, Corporate Development and Investor Relations
719-637-5773
Media Contact:
Angelica Spanos Deoudes
Director, Corporate Communications
571-338-5195
Frequently Asked Questions
What does the CTRIC IV contract involve?
The CTRIC IV contract involves supporting DTRA’s global efforts to reduce threats posed by weapons of mass destruction, focusing on chemical, biological, radiological, and nuclear threats.
Who is V2X Inc.?
V2X Inc. is a company specializing in innovative solutions that integrate physical and digital environments to enhance mission success in defense and national security.
How large is the CTRIC IV contract?
The CTRIC IV contract has a ceiling value of $3.5 billion over a five-year period, with options for additional years.
What is V2X's mission?
V2X's mission is to improve operational readiness and security by providing innovative technology solutions across various sectors, including defense and national security.
How many professionals work at V2X?
V2X employs approximately 16,000 professionals committed to addressing complex challenges in multiple operational domains.
